Dogecoin (DOGE) rival Shiba Inu (SHIB) has outrun most of the digital asset markets yet again as hype continues to build around the top meme cryptocurrency.
At time of writing, SHIB is up over 80% since and the beginning of the year and more than 32% in the last seven days, trading at $0.00001461 at time of writing.
The Shibu Inu ecosystem is anticipating the launch of its new layer-2 upgrade Shibarium, a scaling solution built on top of Ethereum (ETH), similar to Polygon (MATIC)
Days ago, crypto exchange Bitget announced the listing of Bone ShibaSwap (BONE), the token that will be used for gas fees on Shibarium.
Says Bitget,
“BONE is a governance token of the Shibaswap ecosystem which will allow the Shib Army to vote on upcoming proposals. The more BONE the user holds, the more weight their vote carries in future endeavors. BONE has a total of 250,000,000 tokens.”
BONE is worth $1.79 at time of writing, down over 3% in the last 24 hours. However, the 110-ranked crypto asset remains up over 62% in the last 30 days. BONE currently has a market cap of more than $411 million.
Last week, the SHIB Army – supporters and enthusiasts of Shiba Inu – launched a petition to get Binance, the largest crypto exchange in the world, to list BONE.
“This petition is designed to kindly request of Binance to please list Bone Token to trade…
Let’s encourage Binance to be the first traditional brokerage to get on this train!”
Binance has not yet responded to the request, but the crypto exchange staked four trillion SHIB tokens last month, worth about $35 million at the time, after Shiba Inu developers announced that BONE would be the utility token of Shibarium.
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Featured Image: Shutterstock/Tongsai
Source: https://dailyhodl.com/2023/02/06/shiba-inu-shib-rallies-once-again-as-shibaswap-bone-gets-listed-on-crypto-exchange-bitget/